Sportking India Limited — Investor Meet, 18-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Sportking India's Q2 & H1 FY26 earnings call highlighted Q2 revenue of INR627.4 Cr and PAT of INR28.3 Cr. Gross and EBITDA margins expanded year-over-year due to stable raw material prices. Exports increased 11% to INR334.2 Cr, comprising 53% of revenue.

Management acknowledged a challenging textile quarter with muted domestic demand but resilient exports. Key positives include government's cotton import duty removal and lower garment GST. Capacity utilization remains high at 96%. The Odisha capex is on track, expected to be 4-5% more competitive at EBITDA level. Debt-to-equity improved to 0.48. The outlook suggests similar or slightly better margins in H2, contingent on macro factor resolution.